Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The Home Mortgage Disclosure Act (HMDA), and several of the recent “requests for information” prompted by Acting Director Mick Mulvaney in his quest for “evidence” that the agency is working toward its mission, will be […]
Two subcommittees of an advisory panel to the federal bureau charged with consumer financial protection are slated to meet by teleconference May 10 and 22 on requests for information (RFIs) issued under the bureau director’s […]
As proposed last July, a timing restriction for mortgage closing disclosures that could prevent a lender from charging otherwise valid closing cost increases was removed today from the federal consumer protection agency’s “Know Before You […]
Qualified persons interested in serving on one of three advisory bodies for the Consumer Financial Protection Bureau (CFPB) can still apply if they do it by April 30, according to the CFPB’s updated online applications […]
A council of academics that advises the Consumer Financial Protection Bureau (CFPB) Office of Research is set to meet May 2 to discuss methodology and direction for the bureau’s consumer finance research. The Academic Research […]
Just when you trained your word processing software to accept the acronym “CFPB” as the short way to refer to the federal consumer financial protection agency, the acting head of the organization changes the letters […]
With the first due date coming this week, at least 200 comment letters have been logged so far in the federal consumer financial protection agency’s quest to elicit “evidence” on how the agency is doing […]
A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]
The budget process relative to policies and procedures is among the items outlined in the annual independent audit of the federal consumer financial protection agency, published Wednesday. Among the recommendations included in the document are […]
Senators voted 51-47 Wednesday to disapprove a rule – adopted five years ago as guidance – outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. The bill now heads to […]
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